Credit card showdown: Amex Business Gold vs. Amex Business Platinum

Sep 27, 2020

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In the American Express lineup of small-business cards, the American Express® Business Gold Card and The Business Platinum Card® from American Express are two popular offerings. Both are well known but have been refreshed to stay competitive in the marketplace for small-business reward cards. Let’s take a look at these cards and see which one might be best for you.

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In This Post

Benefits common to both cards

As premium travel rewards cards, both come with many of the same features, including:

  • Membership Rewards points — Membership Rewards points can be transferred to miles with 19 airlines and three hotel loyalty programs. When used in this manner, points are currently worth 2 cents each, according to TPG’s latest monthly valuations.
  • Purchase protection — Your eligible purchases are covered against accidental damage or theft for 120 days (90 days for New York residents) for up to $1,000 per incident with the Business Gold and for up to $10,000 per incident with the Business Platinum. However, coverage related to natural disasters is limited to $500 per incident.
  • Extended warranty — Your purchases receive up to one additional year of warranty service on purchases with warranties of five years or less.
  • Baggage insurance — Business Gold cardholders receive up to $500 worth of insurance for damaged, stolen or lost checked bags ($1,250 for carry-ons), while Business Platinum cardholders will receive up to $2,000 for checked bags ($3,000 for carry-ons) when traveling on any common carrier such as aircraft, trains, ships or buses. You must pay for the full fare using the card — just paying taxes and fees on an award ticket doesn’t count — and there’s a $1,000 cap ($250 for the Business Gold) for high-risk items.
  • The Hotel Collection — Get up to a $100 hotel credit on qualifying charges, plus a room upgrade upon arrival (when available), when you book a stay of two nights or longer with The Hotel Collection.
  • Premium roadside assistance — This benefit will dispatch and pay for emergency automotive services up to four times per year, including changing a flat tire, jump-starting a battery and towing your car up to 10 miles.
  • Account manager — Most credit cards only allow the primary cardholder to make inquiries or changes to the account, but this service lets you easily designate employees or other individuals who can manage your account with either full or limited access, making it easier to delegate tasks like reviewing statements, adding authorized users, making payments and disputing charges.
  •  American Express Business App — This tool allows you to manage expenses from either your desktop or mobile device by entering receipts, tagging transactions and adding notes to your statements. You can also sync this data with QuickBooks.
  • Employee card features — To help you earn rewards from your employees’ spending while mitigating the risk of fraudulent transactions, Amex small-business cards allow you to limit the purchases of authorized cardholders and set real-time alerts.
  • No foreign transaction fees — Neither the Amex Business Gold (see rates and fees) nor the Business Platinum (see rates and fees) charges fees when you use your card abroad.
  • Metal card — Both the Business Gold and the Business Platinum feature heavy metal cards.
  • Pay Over Time — These cards have no preset spending limit. You can, however, Amex’s Pay Over Time feature allows you to extend payment on certain purchases.

American Express Business Gold Card

(Photo by Isabelle Raphael/The Points Guy)
(Photo by Isabelle Raphael/The Points Guy)

Current welcome offer

Earn 35,000 Membership Rewards® points after you spend $5,000 on eligible purchases with the Business Gold Card within the first three months of card membership.


Earn 4x points — an 8% return based on TPG’s valuations — on your first $150,000 in combined purchases each calendar year (then 1x) from two of the following six categories where your company spent the most each billing cycle:

  • U.S. purchases at restaurants
  • Airfare purchased directly from airlines
  • U.S. purchases for advertising in select media (online, TV, radio)
  • U.S. gas stations (not including supermarkets or warehouse stores)
  • U.S. shipping
  • U.S. purchases made directly from select technology providers of computer hardware, software and cloud solutions

You earn 1 point per dollar spent on all other purchases, with no limits. Amex will automatically calculate which categories you spend the most in each month to award your 4x points.

Other benefits

  • 25% Pay with Points rebate — You’ll get 25% of your points back when you redeem points at Amex Travel to pay for first- or business-class airfare on any airline, or economy-class tickets with a carrier you can select each year. Award flights booked this way are treated as revenue tickets, so you’ll earn both redeemable miles and elite credit on them. Note that you must have the full number of required points in your account in order to book travel and your rebate will be issued within six to 10 weeks. This rebate is capped at 250,000 points per calendar year.
  • Pay Over Time — Business Gold cardmembers are automatically enrolled in the Pay Over Time program, which offers an extended payment option for eligible purchases of $100 or more.

See our full card review for more details.

Annual fee: $295 (see rates and fees)

The Business Platinum Card from American Express

(Photo by Isabelle Raphael/The Points Guy)
You can earn 5x Membership Rewards points with the Amex Business Platinum card when you book prepaid hotels through (Photo by Isabelle Raphael/The Points Guy)

Current welcome offer

New applicants can earn 85,000 points after you spend $15,000 on eligible purchases within the first three months of account opening.


Earn 1 point for every dollar you spend on eligible purchases, and:

  • 5x points on eligible purchases in 5 select business categories, up to 80,000 bonus points per category in the first three months of account opening
  • 5x points on flights and prepaid hotels booked through
  • 1.5x points on each eligible purchase of $5,000 or more, up to 1 million additional points per calendar year.
  • Terms Apply


See our full card review for more details.

Annual fee: $595 (see rates and fees)

Which card should you get?

Of course, the Business Platinum’s 85,000-point welcome offer dwarfs the 35,000 points being offered by the Amex Business Gold for new cardholders. Based on TPG’s valuation of Membership Rewards points at 2 cents each, that 85,000-point welcome offer is worth a whopping $1,700.

Plus, you’ll likely get value from the other valuable benefits exclusive to the Business Platinum card. These include Marriott and Hilton elite status, multiple types of lounge access and more. For most business travelers, these benefits will offer more than enough value to justify the Business Platinum card’s annual fee.

The case for the Business Gold Card

Would I always recommend the Business Platinum card over the Business Gold Card? Of course not. The Business Platinum card offers excellent perks, but if you’re not likely to make use of all those benefits, then the Business Gold Card is worth a closer look — and it can offer superior earning potential.

For example, if you already have a Priority Pass Select membership with another card, the Business Platinum card mostly just adds Centurion Lounge and Delta Sky Club lounge access. But you may not often visit airports with Centurion lounges and if you don’t fly Delta, you can’t use the Sky Club.

As for the fee credits, there are plenty of business travelers who never check a bag or need to purchase inflight food or entertainment, although change fees can be unavoidable. (However, there are other ways to use the fee credits). Also, most savvy business travelers already have Global Entry or TSA PreCheck, so the application fee credit isn’t good for much other than a gift for someone else.

But perhaps the best case to be made for the Business Gold Card over the Business Platinum Card is to gain the opportunities for earning bonus points. There are plenty of small-business owners who can make use of the 4x bonus categories and the $150,000 annual cap (of combined purchases) is very generous. If you get anywhere close to maximizing those bonuses, the value of the points you earn will dwarf the Business Gold card’s $295 annual fee (see rates and fees). Indeed, if you spend $150,000 in 4x categories, you’ll earn 600,000 Membership Rewards points, which TPG values at $12,000.

Bottom line

Depending on the size and nature of your business, you might even consider getting both cards: Carry the Business Gold when you can maximize the 4x spending categories, and keep a Business Platinum to enjoy benefits like Centurion Lounge access, 5x Membership Rewards points on airfare, hotel and rental car elite status and the 35% rebate on points redeemed for airfare through Amex Travel. By examining your business needs, you can choose the best combination of cards to maximize your award travel possibilities.

For rates and fees of the Amex Business Gold Card, please click here.
For rates and fees of the Amex Business Platinum Card, please click here.

Additional reporting by Benét J. Wilson

Featured photo by John Gribben for The Points Guy

The Business Platinum Card® from American Express

Aside from the 85,000-point welcome bonus, Amex recently made huge improvements to the Business Platinum Card, including the fact that you will now earn 50% more points on purchases of $5,000 or more (up to a cap amount), earn 5x on flights and eligible hotels at and cardholders will receive an up to $200 annual airline fee credit each calendar year.

Apply Now
More Things to Know
  • Earn 85,000 Membership Rewards® points after you spend $15,000 on eligible purchases with the Business Platinum Card plus earn 5x points on eligible purchases in 5 select business categories, up to 80,000 bonus points per category, all within the first 3 months of Card Membership.† Terms Apply.
  • Get 50% more Membership Rewards® points. That's an extra half point per dollar, on each eligible purchase of $5,000 or more. You can get up to 1 million additional points per year.
  • 35% Airline Bonus: Use Membership Rewards® Pay with Points for all or part of a flight with your selected qualifying airline, and you can get 35% of the points back, up to 500,000 bonus points per calendar year when you book on
  • Get 5X Membership Rewards® points on flights and prepaid hotels on
  • Enroll to get up to $200 in statement credits annually by getting up to $100 semi-annually for U.S. purchases with Dell. Terms apply.
  • Pay Over Time Option: A flexible payment option to help manage cash flow on purchases of $100 or more.
  • Terms Apply.
  • See Rates & Fees
Regular APR
14.24% - 22.24% Variable
Annual Fee
Balance Transfer Fee
Recommended Credit
Good, Excellent
Terms and restrictions apply. See rates & fees.

Editorial Disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

Disclaimer: The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.